Vietnam's nuts export volume indicated continuous growth from 0.91 million metric tons in 2014 to 1.41 million metric tons in 2023. The yearly growth rate varied significantly, with a notable spike of 23.58% in 2017 and a decline of -9.25% in 2018. In 2023, the export volume grew by 1.95% from the previous year, showing a steady annual growth. Over the last five years, the Compound Annual Growth Rate (CAGR) was 2.53%. Forecasts suggest a continuing upward trend, projecting the volume to reach 1.54 million metric tons by 2028, with a CAGR of 1.37% over this period.
Future trends to watch for:
- Impact of global economic conditions on demand for nuts.
- Developments in agricultural practices enhancing yield.
- Trade policies and their effects on export dynamics.